[adrr]

Was it a scam? Adam didn't violate any laws. Investors should have done diligence and all the self dealing would have came out during an audit. Fact they didn't is what i think is the scam. If i was an lp in the fund, i would think about suing the fund for the breach of duty.

[rabidrat]

Good scams start off as legal until new laws are written detailing how exactly the scams are illegal in the future.

[SpicyLemonZest]

Maybe, but this is very different from the original examples of Madoff and Worldcom. Their scams were flagrantly illegal at the time that they did them.